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Post a Comment On: Doug Ross @ Journal

"Germany and the End of the Euro"

4 Comments -

1 – 4 of 4
Blogger Nahanni said...

The Bundesbank has been printing Deutschmarks and stockpiling them for about a year.

In doing this it would be very easy for them to go back to the Deutschmark-they could have them in every bank in Germany within 48 hours. By 'easy' I mean that there would be enough cash on hand for everyone in Germany to be able to exchange their Euros for Deutschmarks.

The hard part will be establishing an exchange rate for them vs. the Euro and other currencies. Then how to do the exchange in such a way that the German people are not being wiped out financially by that exchange rate.

I would also guess that they would have to have some mechanisms in place to keep everybody from rushing across the German border to exchange their increasingly worthless Euros for Deutschmarks because if the Germans drop the Euro it will become about as worthless as a Wiemar Republic Mark or a Zimbabwe Dollar.

Seeing as the Germans have been doing this for over a year I would imagine they have (hopefully) thought it out and have everything ready to go.

Anyhoo... Here is some nice hot Popcorn, hun. Get ready to watch the floor show-if the Germans bail out of the Euro it will make what is happening in Greece and Italy look like the daily parade at Disneyworld!

1:24 PM

Blogger Nahanni said...

Off topic.

You do know about the National EAS test on November 9th? This is something that has never been done before and the test originates from the White House.....

1:41 PM

Anonymous suek said...

RE: Deutschemarks...

Does this mean that my old Marks will be good again???

8:12 PM

Blogger meleager said...

Angela Merkel has some serious boobage goin on. So, yeah, they will do whats best for Germany.

2:52 PM

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